(06 MAY 2020)S&P 500 Consolidation.

(06 MAY 2020)S&P 500 Consolidation.

6 May 2020, 09:20
Jiming Huang
0
67

sp
Pivot
 (invalidation): 2897.00
Our preference
Short positions below 2897.00 with targets at 2845.00 & 2825.00 in extension.
Alternative scenario
Above 2897.00 look for further upside with 2931.00 & 2954.00 as targets.
Comment
As Long as 2897.00 is resistance, look for choppy price action with a bearish bias

(By Swissquote TRADING CENTRAL)

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